Lead trustee for safeguarding
Two roles are routinely confused, and they sit at different levels with different bases. The lead trustee is a governance role and…
Glossary
Asset lock
The asset lock is what stops a community interest company distributing its assets to owners. It binds the assets; it does not…
Retention schedule
Charities tend to keep everything forever. That is a data protection problem, a storage problem, and a subject access problem all at…
Gift Aid
Gift Aid is the most valuable everyday tax relief for UK charities: it turns a £100 donation into £125 at no cost…
Reserves policy
Reserves questions are usually asked backwards: how much should we hold? The better question is what the reserves are for, because the…
Annual monitoring return
Northern Ireland runs its own reporting cycle under its own Act, and the terminology differs from Great Britain. Registered charities must submit…
Annual general meeting
The AGM is treated as compulsory in most charity guidance. For a private company limited by guarantee, it generally is not. A…
Reserves
Reserves are misunderstood in both directions: charities are criticised for holding too much and for holding too little, often by the same…
Gift Aid declaration
The declaration is the paperwork that makes a Gift Aid claim valid. Without one, HMRC will not let you reclaim the tax…